Myntra's Net Profit Soars to Rs 548.5 Crore, Revenue Climbs 18% in FY25
Myntra Designs Private Ltd reported a substantial increase in standalone net profit, reaching Rs 548.5 crore in FY25 from Rs 26.2 crore the previous year. Revenue from operations grew 18% to Rs 6,042.7 crore. The company's revenue streams include logistics services (48.3%), marketplace services (34%), and advertising income (15.1%). The profit surge is attributed to a deferred tax credit and strong operational growth. Total expenses increased by 11.7%, with advertising costs up 37%. Myntra also launched Myntra Global in Singapore, targeting the Indian diaspora with fashion and home decor products.
*this image is generated using AI for illustrative purposes only.
Myntra Designs Private Ltd, a prominent player in India's e-commerce fashion space, has reported a remarkable financial performance for the fiscal year 2025 (FY25). The company's standalone net profit surged to Rs 548.5 crore, marking a substantial increase from Rs 26.2 crore in the previous year.
Revenue Growth and Diversification
The company's revenue from operations witnessed an impressive 18% growth, reaching Rs 6,042.7 crore in FY25, up from Rs 5,121.8 crore in the preceding year. This growth underscores Myntra's strengthening position in the competitive e-commerce landscape.
Myntra's revenue streams show a diverse and robust business model:
| Revenue Stream | Amount (Rs Crore) | Percentage of Total Revenue |
|---|---|---|
| Logistics Services | 2,918.9 | 48.3% |
| Marketplace Services | 2,051.8 | 34.0% |
| Advertising Income | 914.5 | 15.1% |
Profit Surge and Tax Benefits
The significant jump in net profit can be attributed to two key factors:
- A deferred tax credit of Rs 137.5 crore
- Strong operational revenue growth
Operational Expenses
While revenue saw a notable increase, Myntra managed to keep its expenses in check:
- Total expenses grew by 11.7% to Rs 5,723.7 crore
- Advertising costs saw a substantial increase of 37%, reaching Rs 2,105.3 crore
- Employee benefit expenses decreased by 6.4%, indicating improved operational efficiency
International Expansion
In a strategic move to tap into the global market, Myntra launched Myntra Global in Singapore. This initiative aims to cater to approximately 650,000 Indians residing in Singapore, offering:
- Indian fashion
- Ethnic wear
- Home decor products
These products will be shipped directly from India, potentially opening new revenue streams and expanding Myntra's international footprint.
Looking Ahead
Myntra's impressive financial results, coupled with its international expansion, signal a robust growth trajectory for the company. The significant increase in advertising spend suggests an aggressive push for market share, while the reduction in employee benefit expenses indicates efforts towards operational optimization.
As Myntra continues to diversify its revenue streams and expand globally, it will be interesting to see how these strategies impact its future performance in the highly competitive e-commerce fashion industry.
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